Life industry is going strong, says S&P
28 June 2005
The fundamentals of the Australian life insurance industry were strong last year, and they are likely to stay strong for most of this year, according to the latest Standard & Poor’s report…
Life Insurance
ASIC advises planners on super switching
28 June 2005
ASIC has issued a guide to help planners and advisers comply with the Corporations Act when they give personal advice about switching super funds…
Brough cuts six-month wait for super rollovers
21 June 2005
With the start date of the Super Choice regime only weeks away, Federal Assistant Treasurer Mal Brough has cut the six-month waiting period some fund members…
ASFA calls for end to super surcharge
21 June 2005
The Association of Superannuation Funds of Australia has called for an end to the additional super contributions tax imposed on middle to high-income earners…
Ads pulled as super debate rages on
15 June 2005
A series of ads by the Industry Fund Services have had to undergo amendments after ASIC decided they are likely to mislead or deceive audiences…
Aon wins super tender for law firm
15 June 2005
Aon Australia has won a $30 million contract to undertake superannuation administration, outsourcing, consulting and insurance services for law firm Minter Ellison…
Axa supports CEO despite super probe
07 June 2005
Despite receiving a “show cause” letter from APRA in relation to his role as a director of the Axa staff superannuation fund, Axa Asia Pacific Holdings CEO Andrew Penn…
Gen X & Y super probe
07 June 2005
The Federal Government will examine issues associated with the superannuation savings of people aged under 40…
Aon debunks super choice
24 May 2005
Aon Australia has criticised the new choice of superannuation regime – to be introduced on July 1 – because many workers could fall between the cracks…
IFSA queries life insurance costs
24 May 2005
The most comprehensive research of its type into death and disability insurance cover in super funds has found insurance costs are inequitable, according to IFSA…
Super advertising is confusing consumers, says FPA
17 May 2005
The Financial Planning Association has hit out at financial services companies using the introduction of Super Choice on July 1 to flog their products…
Super surcharge abolition gets thumbs up from IFSA
17 May 2005
The Investment and Financial Services Association says the Federal Budget’s abolition of the super surcharge is great news for Australia’s long-term retirement savings…
FPA plans PI facility
17 May 2005
The FPA is developing a planners’ PI facility in conjunction with AIG’s American Home Assurance…
Self-serving advice gains a ban from ASIC
17 May 2005
ASIC has banned former NSW-based financial planner David Rosewell for two years for non-compliance with financial service laws…
Super funds in $13 billion industry merger
10 May 2005
Two of Australia’s largest industry super funds, the Australian Retirement Fund and Superannuation Trust of Australia, will merge to create a $13 billion fund open to the public…
Institutes outline merger details
10 May 2005
The Securities Institute of Australia and the Australasian Institute of Banking and Finance have released a member information package outlining details of their proposed merger…
FPA releases draft conflicts of interest principles
03 May 2005
The Financial Planning Association has released a set of draft principles in a bid to help its members better manage conflicts of interests…
FPA budget woes looking up
03 May 2005
Recent financial results indicate the FPA is on the rebound from a period of financial hardship…
FCRs challenge insurers
27 April 2005
The board of HIH would have benefitted from a new type of report that sets out to ensure insurance companies are compliant with financial measures…
FICS members take challenges to court
27 April 2005
The Financial Industry Complaints Service plans to change some of its rules regarding members’ legal challenges after its professional indemnity insurer refused to pay…